Financing Retrofit

Financing retrofit is a key issue in enabling deep energy retrofit in both the residential and commercial sectors. There are a number of initiatives to address different parts of the building stock. However finance remains one of the key areas where innovation is required if we are to encourage rapid uptake of deep energy retrofit. This can be a combination of supporting measures that makes renovation more attractive to the building owner.

The EeMAP is a market-led and first-of-its-kind initiative, with its objective being the design and delivery of an ‘energy efficient mortgage product’. This is intended to incentivise the acquisition of energy efficient properties or facilitate the improvement of the energy efficiency of existing properties by way of preferential financing conditions linked to the mortgage. The Initiative aims to demonstrate that energy efficiency has risk mitigation effects for banks because of its impact in enhancing a borrower’s ability to service their loan and on the value of the property/collateral which could, therefore, qualify for a better capital treatment.

If you want to learn more about this project or wish to get involved please contact Marion[a]igbc.ie or call 01 681 5862.